Unemployment in ND is the lowest in the nation at 3.4 percent last I checked. See anything in the national news about how the oil industry is fueling North Dakota 's economy?Here's an astonishing read. Important and verifiable information: About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. Was the guest. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer; How much oil does the U.S. Have in the ground?" Forbes did not miss a beat, he said, "more than all the Middle East put together."
The U. S. Geological Service issued a report in April 2008 that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since 1995) on how much oil was in this area of the western 2/3 of North Dakota, Western South Dakota, and extreme eastern Montana.
The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), at $107 a barrel, We're looking at a resource base worth more than $5.3 trillion.
"This sizable find is now the highest-producing onshore oil field found in the past 56 years," reports The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' It stretches from Northern Montana, through North Dakota and into Canada . For years, U.S. Oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves, And we now have access of up to 500 billion barrels. And because this is light, sweet oil, Those billions of barrels will cost Americans just $16 PER BARREL! That's enough crude to fully fuel the American economy for 2041 years straight. And if THAT didn't throw you on the floor, then this next one should - because it's from 2006 !!!!!!
Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off- shore drilling?
We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:
8 times as much oil as Saudi Arabia
18 times as much oil as Iraq
21 times as much oil as Kuwait
22 times as much oil as Iran
500 times as much oil as Yemen
And it's all right here in the Western United States !!!!!!
HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy. WHY?
James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East, more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
Don't think 'OPEC' will drop its price even with this find? Think again! It's all about the competitive marketplace, it has to.
Think OPEC just might be funding the environmentalists????
Source: Email with supporting links!
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferior" . . . Plato
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferior" . . . Plato
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It's absolutely incredible how things are growing here Ron. 5 years ago they were conducting studies on how to keep young families in North Dakota, now there is not enough available housing to handle the influx of people. No worries about layoffs here. As long as you can survive the COLD ND winters, all is good.
ReplyDeleteOur politicians and the news media suck. Big time. They cover up what they don't want you to know. We are supposed to be sheep and do what the politicians tell us to do. There are a whole bunch of Americans that are sick and tired of it too.
ReplyDeleteHave a terrific day. :)
I absolutely believe that the Saudi, or OWG, or somebody has planted these ecoloons on purpose. I've just linked your post courtesy of taking an offshoot from the link here by CH2.0. If you want to see a slightly longer explanation of my thought, pop over to mine.
ReplyDelete